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Catalyst/CIFC Floating Rate Income Fund (CFRIX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jul 14, 2026

The investment seeks current income. Under normal market conditions, the fund invests at least 80% of its net assets (plus borrowings for investment purposes) in U.S. dollar denominated floating rate secured loans and other floating rate debt instruments, including: floating rate bonds; floating rate notes; floating rate debentures; and tranches of floating rate asset-backed securities, including structured notes, made to, or issued by, U.S. and non-U.S. corporations or other business entities; and other investment companies (including exchange traded funds) that invest primarily in floating rate assets.

Looking to diversify beyond CFRIX? The mutual funds below have the lowest correlation with CFRIX — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from CFRIX.

Best Diversifiers for CFRIX

7 mutual funds have low correlation with CFRIX (below 0.3), 1 of which are negatively correlated. The least correlated is Federated Hermes Project and Trade Finance Tender Fund (XPTFX) (Bank Loan) with a 1Y correlation of -0.11, down from 0.07 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
XPTFX
Federated Hermes Project and Trade Finance Tender ...-0.11-0.020.07
91
Bank LoanCFRIX vs XPTFX
MBXIX
Catalyst/Millburn Hedge Strategy Fund Class I0.100.110.07
92
Hedge FundCFRIX vs MBXIX
MBXAX
Catalyst/Millburn Hedge Strategy Fund0.110.110.08
91
Macro TradingCFRIX vs MBXAX
RCRIX
RiverPark Floating Rate CMBS Fund0.160.130.18
100
Bank LoanCFRIX vs RCRIX
CAPIX
Calamos Aksia Alternative Credit and Income Fund C...0.18——
99
Bank LoanCFRIX vs CAPIX
See all 25 diversifiers for CFRIX

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from CFRIX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CFRIX and solid risk/return profiles. The least correlated is Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of 0.07, down from 0.20 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
BRK-B
Berkshire Hathaway Inc.0.070.140.20
53
Financial Services

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